The rapper, native to Brooklyn, N.Y., will be headlining the huge charity event in New York's Central Park later this year and has lofty goals in mind for the cause.

"Change only takes place when and where there is action," Jay Z said in a statement, according to the site. "I'm joining the 2014 Global Citizen Festival because I believe through actions, whether it be by raising awareness, getting involved or educating ourselves, the goal to end extreme poverty by 2030 is possible."

The star, who is currently touring with Beyoncé for On the Run, will be joined by other big names, such as the Roots and No Doubt, representing a diverse group of performers of which the organizers are proud.

"I love how this year's lineup brings together the king of hip-hop and the king of EDM," Global Poverty Project co-founder Hugh Evans told Rolling Stone. "Jay Z and his Shawn Carter Foundation have been with us on the whole journey, and No Doubt were so excited to do it from day one. We also felt like we needed to bring in some country for the first time: Carrie Underwood was the first country artist we reached out to, and she said yes. And personally, I'm such a huge fan of fun. And the Roots, too. The bill truly expresses that Global Citizen is a broad-based, nonpartisan movement that crosses cultures and genders. We've always had an amazing diversity of artists each year, and 2014 continues that trend."

Jay Z isn't the first big star to perform to end poverty, naturally. In 2013 the event reeled in Stevie Wonder and Alicia Keys. The year before that, John Legend graced the stage, Rolling Stone notes.